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  • Rare opportunity to purchase a prime ground floor convenience retail unit within an exclusive residential development
  • Excellent position within the affluent Devon town of Salcombe
  • The unit will be the only supermarket convenience store in the centre of the town
  • To be let to Co-Operative Food Group Limited for a term of 15 years from practical completion at an initial rent of £70,000 per annum
  • 5 yearly RPI linked rent reviews, compounded annually and subject to a cap and collar of 1.00-3.00%, providing an attractive running yield profile

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Reserve not to exceed £1,260,000
  • Prominent and substantial city centre development opportunity
  • Planning permission was granted on 19/12/2013 for the development of two buildings comprising of 344 residential apartments and a mix of commercial accommodation together with 274 car parking spaces, courtyards and landscaping
  • Potential to enhance the scheme (subject to planning)
  • Site area 1.96 acres (0.79 hectares)
  • Vacant possession

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Result: Sold for £5,200,000
1 bids
  • Freehold development site
  • About 3.04 acres (1.23 hectares)
  • Current planning permission for 580 student bedrooms & lapsed consent for 1,084 bedrooms
  • Pre-planning application submitted for alternative uses including residential
  • Vacant possession
  • Upon the instructions of the Receiver, Andrew Pear of BM Advisory

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Result: Sold for £1,100,000
1 bids
  • Freehold for sale by informal tender
  • 6.7 acre site
  • Prime residential location
  • Largely cleared and level
  • Includes two houses, stables, offices and a leased real tennis court
  • Residential development opportunity
  • Full details are on www.lshauctions.co.uk

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Result: Sold post